Futon covers are available in a voluminous number of color and fabric pattern options. Futons are a popular choice of furniture for a modern style living room, for dorm rooms and for loft apartments. Futons provide seating and sleeping space in a home office that doubles as a guest room. Buying new furniture each time you want to alter the appearance and atmosphere of a room is simply not practical. Futon slipcovers are a budget friendly way to redecorate a room.